Fed’s Core Inflation Gauge Cools Further As US Braces For Shutdown Data Blackout

Underlying inflation on the Fed's preferred measure rose at the slowest monthly pace in nearly three years, data released on Friday showed. Core PCE prices increased just 0.1% in August from July, less than expected. (0.14483% unrounded.) The headline gauge rose 0.4%, likewise cooler than economists anticipated. Note that the 12-month pace of underlying inflation is now below 4% in the US. 3.9% is nowhere near target, obviously, but this is the kind of progress that'll help allay concerns amon